$3,751 Closing Credit*
$315,900
1,819 SqFt
4 Beds
•2 Full Baths
Melissa Duncan, Listing Office: D.R.Horton Realty of Louisiana
Is 70056, LA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 70056 has remained a Seller's Market.
Key Takeaway
70056 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 70056, LA
How much do homes in 70056, LA cost?
Median Sold Price
$237,000
$118/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$2,000(+0.9%)
Key Takeaway
Homes in 70056 have sold for 0.9% more than they did a year ago.
Summary: The median home sold price in 70056 was $237,000 in October 2024, up 0.9% from last year, and the median price per square foot was $118.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $76.2K | $80K | +4.9% |
| 2 Bedrooms | $109.5K | $114.7K | +4.7% |
| 3 Bedrooms | $212.5K | $203K | -4.4% |
| 4 Bedrooms | $259K | $264.9K | +2.3% |
| 5+ Bedrooms | $270.1K | $353.3K | +30.8% |
Summary: 70056 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.9%, 2 bedroom homes increased by 4.7%, 3 bedroom homes decreased by 4.4%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes increased by 30.8%.
Housing Supply in 70056, LA
How many homes are available in 70056, LA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 117 | 120 | +2.6% |
Summary: The 70056 real estate market had 120 homes for sale in October 2024, a 2.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 52 | 50 | -3.8% |
| 4 Bedrooms | 48 | 52 | +8.3% |
| 5+ Bedrooms | 12 | 11 | -8.3% |
Summary: The 70056 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 25%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes decreased by 8.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 25 | +25.0% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 70056, you may be able to get a good deal. 72% of homes here sold below asking price last month.
Summary: A total of 25 homes were sold or pending in 70056 in October 2024, up by 25.0% month-over-month. Of the 25 sold homes, 72% were sold under asking, 16% were sold at asking, and 12% were sold over asking.
Days on Market for 70056, LA
How long does it take to sell a home in 70056, LA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 28 Days | 46 Days | +62.8% |
Summary: Homes in 70056 had an average of 46 days on market in Oct 2024, up by 62.8% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 70056 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 25 homes were sold in 70056; 56% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.
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